Daily Archives: October 4, 2018

Rs 45 bn rights not enough, IL&FS needs Rs 300 bn in fresh equity: Report

Distressed-debt specialist firm, REDD Intelligence, has warned that beleaguered infrastructure financier, IL&FS, will require equity infusion of up to Rs 300 billion to get back on the rails. It will also have to take an impairment of at least Rs 150 billion before recovering a single rupee from its subsidiaries, the firm said. “The required